Cotton futures are up 54 to 64 points at midday, while crude oil is down $4.41 after the US and Iran reached a peace deal over the weekend, set to be signed Friday. The US dollar index is also lower by 0.285 at 99.460. The move is modestly supportive for cotton and reflects broader commodity and FX positioning, but the update appears more market-specific than macro-wide.
Cotton futures are up 54 to 64 points at midday, while crude oil is down $4.41 after the US and Iran reached a peace deal over the weekend, set to be signed Friday. The US dollar index is also lower by 0.285 at 99.460. The move is modestly supportive for cotton and reflects broader commodity and FX positioning, but the update appears more market-specific than macro-wide.
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neutral
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0.10
